Definition of Amortization

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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Amortization
    Ballentine's Law Dictionary

    The alienation of lands in mortmain.

  • Amortization
    Black's Law Dictionary: 2nd Edition

    An alienation of lands or tenements in mortmain. The reduction of the property of lands or tenements to mortmain. In its modern sense, amortization is the operation of paying off bonds, stock, or other indebtedness of a state or corporation. Sweet.